Putnam Mast Int (NYSE:PIM) Trading 0.3% Higher – Time to Buy?

Putnam Mast Int (NYSE:PIM) traded up 0.3% on Thursday . The company traded as high as $3.18 and last traded at $3.1690. Approximately 39,652 shares changed hands during trading, a decline of 15% from the average session volume of 46,676 shares. The stock had previously closed at $3.16.

Putnam Mast Int Trading Up 0.3%

The stock’s fifty day moving average is $3.17 and its two-hundred day moving average is $3.21.

Putnam Mast Int Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, November 30th. Shareholders of record on Friday, November 20th will be issued a $0.022 dividend. This represents a c) annualized dividend and a dividend yield of 8.3%. The ex-dividend date is Friday, November 20th.

Institutional Investors Weigh In On Putnam Mast Int

Large investors have recently made changes to their positions in the company. Raymond James Financial Inc. purchased a new stake in shares of Putnam Mast Int in the 2nd quarter valued at approximately $25,000. Comerica Bank increased its stake in shares of Putnam Mast Int by 281.4% during the 3rd quarter. Comerica Bank now owns 35,092 shares of the company’s stock worth $121,000 after purchasing an additional 25,892 shares during the last quarter. Elevation Point Wealth Partners LLC acquired a new stake in Putnam Mast Int in the 3rd quarter worth approximately $95,000. PVG Asset Management Corp grew its stake in Putnam Mast Int by 1,151.3% in the 4th quarter. PVG Asset Management Corp now owns 482,759 shares of the company’s stock valued at $1,612,000 after buying an additional 444,177 shares during the last quarter. Finally, Eclectic Associates Inc. ADV acquired a new stake in shares of Putnam Mast Int in the fourth quarter valued at about $179,000. Institutional investors and hedge funds own 55.06% of the company’s stock.

About Putnam Mast Int

Putnam Master International (NYSE:PIM) is a closed-end management investment company that seeks long-term capital appreciation by investing primarily in equity securities of non-U.S. companies. The fund maintains a diversified portfolio spanning developed and emerging markets, with a focus on identifying businesses offering strong growth potential, attractive valuations and sound corporate governance. Shares of PIM trade on the NYSE, providing investors with a fixed capital structure and the opportunity to gain exposure to global equity markets through a single vehicle.

The fund’s investment team, managed by Putnam Retail Management LP, conducts bottom-up fundamental analysis to select holdings across multiple industries and geographies.